Minnesota
Mortgage Loan Application
Totals and Details
in 2004

Find mortgage statistics and mortgage data for Minnesota.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of Minnesota.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 577,758
Total Mortgage Loan Application Amount $90,251,268,000
Average Mortgage Loan Application Amount $156,000
Highest Mortgage Loan Application Amount $40,000,000
Average Applicant Income $63,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Minnesota, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Download the Minnesota Lender List

Mortgage Loan Application Detail Totals for Minnesota in 2004

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 339,366 $54,506,460,000 $160,000 $19,000,000 $61,000 $9,999,000
Home Purchase 199,380 $33,445,920,000 $167,000 $15,900,000 $65,000 $8,700,000
Home Improvement 39,012 $2,298,888,000 $58,000 $40,000,000 $65,000 $2,423,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 401,195 $62,133,979,000 $154,000 $40,000,000 $66,000 $9,999,000
Not Provided 75,616 $11,470,860,000 $151,000 $7,000,000 $65,000 $9,000,000
Not applicable 48,960 $8,447,515,000 $172,000 $19,000,000 $14,000 $9,999,000
Black or African American 17,445 $2,706,825,000 $155,000 $2,000,000 $69,000 $9,999,000
Asian 16,323 $2,785,241,000 $170,000 $1,610,000 $66,000 $2,400,000
Hispanic 14,585 $2,176,494,000 $149,000 $2,494,000 $57,000 $2,400,000
American Indian or Alaskan Native 2,562 $354,723,000 $138,000 $1,287,000 $89,000 $1,827,000
Native Hawaiian or Other Pacific Islander 1,072 $175,631,000 $163,000 $1,000,000 $73,000 $3,315,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 556,585 $87,189,918,000 $156,000 $40,000,000 $64,000 $9,999,000
FHA-insured (Federal Housing Administration) 16,219 $2,385,260,000 $147,000 $354,000 $41,000 $1,740,000
VA-guaranteed (Veterans Administration) 3,811 $550,218,000 $144,000 $375,000 $32,000 $894,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,143 $125,872,000 $110,000 $764,000 $36,000 $569,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 280,078 $43,944,356,000 $156,000 $19,000,000 $70,000 $9,999,000
Loan Purchased By The Institution 100,244 $16,826,130,000 $167,000 $11,700,000 $39,000 $6,240,000
Application Denied By Financial Institution 83,471 $11,630,182,000 $139,000 $30,000,000 $60,000 $6,377,000
Application Withdrawn By Applicant 57,236 $9,080,248,000 $158,000 $9,000,000 $64,000 $9,999,000
Application Approved But Not Accepted 35,490 $5,354,100,000 $150,000 $40,000,000 $66,000 $3,384,000
File Closed For Incompleteness 21,239 $3,416,252,000 $160,000 $2,000,000 $67,000 $2,700,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Other 22,976 $3,508,975,000 $152,000 $10,700,000 $69,000 $6,377,000
Credit History 17,304 $2,128,814,000 $123,000 $30,000,000 $56,000 $4,200,000
Debt-To-Income Ratio 9,464 $1,345,286,000 $142,000 $2,030,000 $48,000 $952,000
Collateral 8,012 $1,197,247,000 $149,000 $6,000,000 $71,000 $2,820,000
Credit Application Incomplete 6,067 $981,498,000 $161,000 $3,850,000 $65,000 $1,451,000
Unverifiable Information 3,472 $540,464,000 $155,000 $1,800,000 $66,000 $1,932,000
Employment History 965 $120,810,000 $125,000 $1,000,000 $55,000 $672,000
Insufficient Cash (Downpayment, Closing Cost) 704 $135,465,000 $192,000 $2,730,000 $71,000 $912,000
Mortgage Insurance Denied 35 $5,360,000 $153,000 $500,000 $68,000 $232,000
Download the Minnesota Lender List

Mortgage Loan Application Totals in 2004 by Minnesota Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
DULUTH, MN-WI 20,880 $ 2,179,684,000 $ 104,000 $ 53,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 397,737 $ 69,513,651,000 $ 174,000 $ 71,000
ROCHESTER, MN 18,213 $ 2,243,533,000 $ 123,000 $ 57,000
ST. CLOUD, MN 16,273 $ 2,012,865,000 $ 123,000 $ 55,000
Download the Minnesota Lender List

Mortgage Loan Application Totals in 2004 by Minnesota County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Aitkin 1,429 $ 183,092,000 $ 128,000 $ 63,000
Anoka 47,677 $ 7,607,984,000 $ 159,000 $ 64,000
Becker 3,201 $ 370,005,000 $ 115,000 $ 61,000
Beltrami 2,408 $ 244,020,000 $ 101,000 $ 55,000
Benton 3,619 $ 447,333,000 $ 123,000 $ 53,000
Big Stone 277 $ 22,126,000 $ 79,000 $ 51,000
Blue Earth 4,688 $ 571,582,000 $ 121,000 $ 53,000
Brown 1,362 $ 123,128,000 $ 90,000 $ 51,000
Carlton 3,348 $ 363,746,000 $ 108,000 $ 49,000
Carver 11,340 $ 2,316,924,000 $ 204,000 $ 79,000
Cass 2,757 $ 434,333,000 $ 157,000 $ 85,000
Chippewa 717 $ 56,489,000 $ 78,000 $ 54,000
Chisago 8,107 $ 1,301,653,000 $ 160,000 $ 65,000
Clay 4,816 $ 456,861,000 $ 94,000 $ 52,000
Clearwater 646 $ 53,952,000 $ 83,000 $ 47,000
Cook 345 $ 54,720,000 $ 158,000 $ 92,000
Cottonwood 603 $ 44,261,000 $ 73,000 $ 44,000
Crow Wing 6,686 $ 1,005,783,000 $ 150,000 $ 72,000
Dakota 51,853 $ 9,024,337,000 $ 174,000 $ 73,000
Dodge 2,384 $ 261,036,000 $ 109,000 $ 52,000
Douglas 3,044 $ 416,095,000 $ 136,000 $ 61,000
Faribault 843 $ 64,528,000 $ 76,000 $ 45,000
Fillmore 1,527 $ 153,975,000 $ 100,000 $ 49,000
Freeborn 2,211 $ 197,648,000 $ 89,000 $ 52,000
Goodhue 4,802 $ 647,597,000 $ 134,000 $ 63,000
Grant 341 $ 28,443,000 $ 83,000 $ 52,000
Hennepin 139,058 $ 25,655,378,000 $ 184,000 $ 75,000
Houston 1,402 $ 143,252,000 $ 102,000 $ 57,000
Hubbard 1,631 $ 195,842,000 $ 120,000 $ 68,000
Isanti 6,323 $ 923,932,000 $ 146,000 $ 60,000
Itasca 3,995 $ 398,794,000 $ 99,000 $ 55,000
Jackson 482 $ 35,993,000 $ 74,000 $ 43,000
Kanabec 2,201 $ 272,490,000 $ 123,000 $ 50,000
Kandiyohi 2,888 $ 313,927,000 $ 108,000 $ 58,000
Kittson 210 $ 13,019,000 $ 61,000 $ 62,000
Koochiching 700 $ 59,414,000 $ 84,000 $ 51,000
Lac qui Parle 307 $ 21,654,000 $ 70,000 $ 48,000
Lake 949 $ 112,626,000 $ 118,000 $ 59,000
Lake of the Woods 312 $ 26,790,000 $ 85,000 $ 51,000
Le Sueur 2,927 $ 379,771,000 $ 129,000 $ 56,000
Lincoln 232 $ 19,358,000 $ 83,000 $ 50,000
Lyon 1,445 $ 147,113,000 $ 101,000 $ 50,000
Mahnomen 230 $ 19,285,000 $ 83,000 $ 43,000
Marshall 488 $ 34,630,000 $ 70,000 $ 49,000
Martin 1,306 $ 109,410,000 $ 83,000 $ 46,000
McLeod 4,130 $ 499,848,000 $ 121,000 $ 49,000
Meeker 2,421 $ 285,678,000 $ 118,000 $ 55,000
Mille Lacs 3,741 $ 479,210,000 $ 128,000 $ 59,000
Morrison 3,043 $ 342,704,000 $ 112,000 $ 53,000
Mower 3,253 $ 307,422,000 $ 94,000 $ 47,000
Murray 455 $ 39,862,000 $ 87,000 $ 51,000
Nicollet 2,334 $ 284,280,000 $ 121,000 $ 52,000
Nobles 739 $ 56,905,000 $ 77,000 $ 48,000
Norman 443 $ 28,265,000 $ 63,000 $ 47,000
Olmsted 14,056 $ 1,780,994,000 $ 126,000 $ 60,000
Otter Tail 4,988 $ 627,773,000 $ 125,000 $ 55,000
Pennington 652 $ 50,772,000 $ 77,000 $ 43,000
Pine 2,674 $ 315,069,000 $ 117,000 $ 51,000
Pipestone 456 $ 35,456,000 $ 77,000 $ 44,000
Polk 2,163 $ 178,403,000 $ 82,000 $ 47,000
Pope 770 $ 89,453,000 $ 116,000 $ 54,000
Ramsey 54,013 $ 8,350,922,000 $ 154,000 $ 64,000
Red Lake 230 $ 14,886,000 $ 64,000 $ 53,000
Redwood 757 $ 56,514,000 $ 74,000 $ 48,000
Renville 903 $ 75,397,000 $ 83,000 $ 44,000
Rice 6,456 $ 967,989,000 $ 149,000 $ 63,000
Rock 556 $ 44,867,000 $ 80,000 $ 48,000
Roseau 965 $ 81,243,000 $ 84,000 $ 44,000
Scott 19,203 $ 3,755,421,000 $ 195,000 $ 82,000
Sherburne 13,587 $ 2,152,323,000 $ 158,000 $ 62,000
Sibley 1,384 $ 167,379,000 $ 120,000 $ 48,000
St. Louis 17,586 $ 1,821,401,000 $ 103,000 $ 55,000
Stearns 12,700 $ 1,569,853,000 $ 123,000 $ 55,000
Steele 4,023 $ 461,812,000 $ 114,000 $ 50,000
Stevens 422 $ 34,024,000 $ 80,000 $ 45,000
Swift 513 $ 37,529,000 $ 73,000 $ 44,000
Todd 1,647 $ 154,187,000 $ 93,000 $ 47,000
Traverse 161 $ 9,858,000 $ 61,000 $ 39,000
Wabasha 1,820 $ 207,124,000 $ 113,000 $ 52,000
Wadena 818 $ 74,847,000 $ 91,000 $ 51,000
Waseca 1,687 $ 176,128,000 $ 104,000 $ 48,000
Washington 29,838 $ 5,694,216,000 $ 190,000 $ 78,000
Watonwan 543 $ 45,792,000 $ 84,000 $ 46,000
Wilkin 408 $ 28,832,000 $ 70,000 $ 49,000
Winona 3,224 $ 356,151,000 $ 110,000 $ 53,000
Wright 17,679 $ 2,878,567,000 $ 162,000 $ 67,000
Yellow Medicine 538 $ 40,134,000 $ 74,000 $ 43,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Minnesota.

If you prefer, you can download a copy of the entire list of mortgage lenders in Minnesota and search similar information back through 2003.

Download the Minnesota Lender List